1035 Summit DrSpringtownTX76082
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springtown at 1035 Summit Dr, Springtown, TX, 76082 uses $82,544 cash to close to unlock $3,961/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $2,101/mo, and a $1,219/mo payment keeps the spread at $330/mo. Purchase price stands at $249,000, and rental yield measures 10.13% with $2,101/mo rent. Return on cash invested shows 24.71% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 129.85% and total cumulative return in cash records $107,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,101/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Housing Distribution
Address Breakdown
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
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Listed by: Marlene Bone • KINGDOM Real Estate
Mls Name: NTREIS
Mls ID: #21064109